Three reasons to go long in this chart: - 61.8% retracement of latest leg up (blue) - Support/Resistance level (yellow) - RSI divergence.
T1 is at the 38% retracement of latest leg down (red) where there's also a support/resistance level (yellow). T2 is at the 78 % retracement of latest leg down (red) where there's also the 11.4/88.6% distance of the leg up (blue) T3 is at 27% extension of the latest leg up (blue) and the psychological level of 0.80000
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T1 got hit. We closed 1/3 of our position and moved Stop Loss to 0.78436
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T2 got hit (we chose the red line). Closed another 1/3 of original position. Stop Loss moved to 0.78829.
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Locking in 23 pips more profit. SL moved to 0.79050
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Locking in 15 more pips. SL moved to 0.79200
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Took off the last 1/3 of the position at 0.79900 in light of the upcoming NFP news release.